© 2023
The SPX +6.83 opened flat, traded in a range and closed slightly higher. The SPX closed less than one percent
or 37 points below its all-time high of 4,818 on Jan 4, 2022.
UPST, UBER, AMD, SQ, NAIL, BX, FAS and RCL were among Wednesday’s leading advancers.
Mega caps TSLA, META, NVDA, AAPL
rose, and AMZN, MSFT, GOOGL fell on Wednesday.
SPY up .86 at 476.51 on 68.0 million
shares, near average volume, closed higher on higher volume.
VIX down .56 at 12.43
QQQ up .62 at 411.50
WMT, AMGN, CAT, TRV led the DJIA, 21 advancers, 0
MRNA, KMX, UBER, LLY led the SPX, 299 advancers
MRNA, REGN, TSLA, AMD led the NDX, 59 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Down:
Eight of eleven sectors were higher on Wednesday, led by XLRE,
XLP and XLV.
The SPY
MFC green line is flat at 93.3 and is short-term bullish.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLI, XLRE, XLB, XLE, XLV, XLP, XLU,
Neutral sectors:
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
59 of 100 NDX stocks
closed higher on Wednesday.
91NDX stocks are above their 30
DMA: FAST, LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ASML,
DXCM, KDP, KLAC, MELI, AMD, HON, QCOM, AAPL, AMAT, KHC, LRCX, COST, CSGP, PCAR,
PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, ADI, IDXX, ISRG, MCHP, ABNB, CSX, CTSH,
NXPI, PYPL, TSLA, TXN, XEL, WBD, PANW, MRNA, ADSK, TEAM, REGN, AMGN, GILD,
ILMN, ON, BIIB, WBA, AVGO, CMCSA, NFLX, MRVL, MU, TTD, ANSS, CDNS, FTNT, GEHC,
GFS, SIRI, AZN, META, NVDA, VRTX, CSCO, ODFL, CCEP,
CDW, DASH, MDB, ROP, SPLK, TTWO, BKR, FANG, GOOGL, MNST,
MSFT, ADP, MDLZ,
PEP, CHTR,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
CHTR,
Moving Below 30 DMA = 1
EA,
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